Bailey Foundation
- Assets
- $926.3k
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 8
- Location
- Saint Louis, MO
- Founding
- 02/2019
- Data as of
- 12/2020
- EIN
- 83-2830977
Organization Overview
Bailey Foundation is located in Saint Louis, MO. The organization was established in 2019. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2020, Bailey Foundation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bailey Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
WE BELIEVE IN CREATING A COMMUNITY THAT WILL ENCOURAGE THE POWER CHILDREN HOLD, TO GUARANTEE THEY WILL MOLD FUTURE GENERATIONS TO COME. WE PROVIDE CHILDREN AND THEIR FAMILIES WITH EDUCATIONAL PROGRAMS, FOOD AND NUTRITION SUPPORT, AND LEADERSHIP INITIATIVES TO ENSURE THEY HAVE A STRONG HEALTHY COMMUNITY TO THRIVE IN. WE CHOOSE TO BE PROACTIVE IN THEIR DEVELOPMENT INSTEAD OF REACTIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE BELIEVE IN CREATING A COMMUNITY THAT WILL ENCOURAGE THE POWER CHILDREN HOLD, TO GUARANTEE THEY WILL MOLD FUTURE GENERATIONS TO COME. WE PROVIDE CHILDREN AND THEIR FAMILIES WITH EDUCATIONAL PROGRAMS, FOOD AND NUTRITION SUPPORT, AND LEADERSHIP INITIATIVES TO ENSURE THEY HAVE A STRONG HEALTHY COMMUNITY TO THRIVE IN. WE CHOOSE TO BE PROACTIVE IN THEIR DEVELOPMENT INSTEAD OF REACTIVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diarra Williams President | OfficerTrustee | 40 | $8,883 |
Lorie Hardy Treasurer | OfficerTrustee | 40 | $6,000 |
Stephanie Acon Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,819,437 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,917 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,827,354 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,827,354 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $14,884 |
| Compensation of current officers, directors, key employees. | $7,442 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,414 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $32 |
| Payroll taxes | $3,282 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,100 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $40,189 |
| Advertising and promotion | $4,810 |
| Office expenses | $20,429 |
| Information technology | $70 |
| Royalties | $0 |
| Occupancy | $29,160 |
| Travel | $9,970 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,090 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $680 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,276,625 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $368,553 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $522,216 |
| Loans from Officers, Directors, or Controlling Persons | $16,427 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $99 |
| Net Land, buildings, and equipment | $19,039 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $926,334 |
| Accounts payable and accrued expenses | $373,669 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $373,669 |
| Net assets without donor restrictions | $552,665 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $926,334 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Bailey Foundation has recieved totaling $155,000.
| Awarding Organization | Amount |
|---|---|
Good360 Alexandria, VA PURPOSE: TO ASSIST THOSE IN NEED. | $120,000 |
Veterans United Foundation Columbia, MO PURPOSE: 10 YEARS: PURCHASE OF MOBILE GROCERY UNIT: EQUIPMENT | $35,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chicago Humanities Festival Chicago, IL | $20,433,533 | $6,135,727 |
The Independent Living Center Inc Joplin, MO | $6,998,222 | $3,154,564 |
3arts Inc Chicago, IL | $12,078,620 | $2,551,186 |
Robert S & Grayce B Kerr Foundation Inc Oklahoma City, OK | $19,234,723 | $2,069,941 |
Demolay International Kansas City, MO | $3,448,662 | $1,614,271 |
Kansas City Chapter Of Young Audiences Inc Kansas City, MO | $5,162,996 | $1,143,353 |
Bailey Foundation Saint Louis, MO | $926,334 | $1,827,354 |
Mainframe Studios Des Moines, IA | $8,963,700 | $1,124,336 |
Morrison-Shearer Foundation Northbrook, IL | $7,463,772 | $384,897 |
Rick C & Belinda G Foundation Fayetteville, AR | $24,298,767 | $2,403,306 |
Jeniam Ii Foundation Memphis, TN | $1,092,809 | $484,239 |
Northland Shepherds Center Kansas City, MO | $2,507,796 | $914,727 |